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    1307 W Martin Luther King Jr Boulevard

    Los Angeles (City), CA 90037
    • $1,199,000
    • STATUS: Active
    • ON SITE: 50 days
    • ID#: SB21030885
    UPDATED: 44 min ago
    $1,199,000
    • 0
      BEDS
    • 0.18
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,400
      SQFT
    • $273
      $/SQFT
    Type:
    Multi-Family
    Built:
    1921
    County:

    School Ratings & Info

    Description

    Incredible investment opportunity! This 4 unit building features a unit mix consisting of three(3) 1-bedroom + 1-bathroom units, & one (1) 2-bedroom + 1-bathroom unit. Units have been updated andinclude hardwood floors, appliances and ten(10) on-site parking spaces. Located in the prime area for redevelopment. Zoning for the property is R3-1-CPIO and is part of the Tier 2 transit corridor which may allow for a 60% increase in the number of units over the 1 unit per 800 sq.ft. of land space with the potential to build up to 16 units. A great opportunity that is well situated and only blocks from the USC campus!

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-05-09T15:32:09.867. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Compass. Licensed in the State of California, USA.
    www.sandiegohomesdirect.com/homes/115296977
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    1307 W Martin Luther King Jr Boulevard Los Angeles (City), CA 90037

    • Price: $1,199,000
    • Status: Active
    • Updated: 44 min ago
    • ID#: SB21030885
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.18
    Acres
    4,400
    SQFT
    $273
    $/SQFT
    1921
    Built
    Neighborhood:
    C34 - Los Angeles Southwest
    County:
    Los Angeles
    Area:
    C34 - Los Angeles Southwest
    Property Description
    Incredible investment opportunity! This 4 unit building features a unit mix consisting of three(3) 1-bedroom + 1-bathroom units, & one (1) 2-bedroom + 1-bathroom unit. Units have been updated andinclude hardwood floors, appliances and ten(10) on-site parking spaces. Located in the prime area for redevelopment. Zoning for the property is R3-1-CPIO and is part of the Tier 2 transit corridor which may allow for a 60% increase in the number of units over the 1 unit per 800 sq.ft. of land space with the potential to build up to 16 units. A great opportunity that is well situated and only blocks from the USC campus!
    Exterior Features

    Entry Level 1 Entry Location Front Lot Features 0-1 Unit/Acre Number Of Separate Electric Meters 0 Open Parking Spaces 10 Parking Total 10 Pool Features None Pool Private YN No Property Attached YN No Spa Features None Spa YN No View Neighborhood View YN Yes

    Interior Features

    Accessibility Features Parking Common Walls No Common Walls Cooling None Cooling YN No Fireplace Features None Fireplace YN No Flooring TileWood Heating Wall Furnace Heating YN Yes

    Property Features

    Additional Parcels YN No Association Fee 0 Association YN No Common Interest None Community Features SidewalksUrban Electric Expense 0 Fuel Expense 0 Garage YN No Gross Income 43480 Gross Scheduled Income 43480 Insurance Expense 0 Land Lease YN No Laundry Features Inside Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash To New Loan Maintenance Expense 3987 Net Operating Income 25488 New Construction YN No New Taxes Expense 0 Number Of Separate Gas Meters 0 Number Of Separate Water Meters 0 Number Of Units Leased 4 Operating Expense 17992 Other Expense 2445 Possession See Remarks Property Sub Type Quadruplex Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Total Actual Rent 3786 Trash Expense 0 Utilities Electricity ConnectedSewer ConnectedWater ConnectedWater Not Available Water Sewer Expense 4989 Water Source PublicNone Zoning Lar3

    Listing provided courtesy of Kathryn Avery of Re/Max Estate Properties


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-05-09T15:32:09.867. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Compass. Licensed in the State of California, USA.
     
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